Comments on: Mid-Day Roundup http://www.bizzyblog.com/2006/10/13/mid-day-roundup/ The Business End of the Blogosphere Fri, 09 Jan 2009 21:21:28 +0000 http://wordpress.org/?v=2.5 By: TBlumer http://www.bizzyblog.com/2006/10/13/mid-day-roundup/#comment-35354 TBlumer Fri, 13 Oct 2006 16:56:13 +0000 http://www.bizzyblog.com/2006/10/13/mid-day-roundup/#comment-35354 #1, Brian at Radio Equalizer seemed to foretell that this would happen when the insiders failed to get a sweetheart arrangement: http://radioequalizer.blogspot.com/ I agree that BR is usually a process, but I have seen situations where a company is for all practical purposes bankrupt but does not file for years. The creditors are tired of calling and know it is pointless, and the company limps on. They essentially have the choice as to when or if to file. My point on AAR is that if they were a limp-along company, they would have chosen to wait until after the election because, in a way, this discredits liberalism and gives conservatives a chance to crow, just like the train wreck that is and continues to be Salon managed to avoid delisting until after the 2000 election. My guess is that the new law in the corp area makes limp-alongs tougher and gives creditors more ability to simply come in and shut things down. #1, Brian at Radio Equalizer seemed to foretell that this would happen when the insiders failed to get a sweetheart arrangement:
http://radioequalizer.blogspot.com/

I agree that BR is usually a process, but I have seen situations where a company is for all practical purposes bankrupt but does not file for years. The creditors are tired of calling and know it is pointless, and the company limps on. They essentially have the choice as to when or if to file. My point on AAR is that if they were a limp-along company, they would have chosen to wait until after the election because, in a way, this discredits liberalism and gives conservatives a chance to crow, just like the train wreck that is and continues to be Salon managed to avoid delisting until after the 2000 election.

My guess is that the new law in the corp area makes limp-alongs tougher and gives creditors more ability to simply come in and shut things down.

]]> By: Tracy Coyle http://www.bizzyblog.com/2006/10/13/mid-day-roundup/#comment-35351 Tracy Coyle Fri, 13 Oct 2006 16:46:58 +0000 http://www.bizzyblog.com/2006/10/13/mid-day-roundup/#comment-35351 re Air America: It has been my experience that filing bankruptcy is a process, not an event. If a set of negotiations failed leading to bankruptcy, then bankruptcy was not only in the cards, but an inevitable result of months/years of financial difficulties. Any attempt to portray the filing as 'only just now needed' is blowing smoke. Air America's protests of a month ago were as damning as Ken Lay's claims that Enron was doing just great...right up until the end. re Air America: It has been my experience that filing bankruptcy is a process, not an event. If a set of negotiations failed leading to bankruptcy, then bankruptcy was not only in the cards, but an inevitable result of months/years of financial difficulties. Any attempt to portray the filing as ‘only just now needed’ is blowing smoke.

Air America’s protests of a month ago were as damning as Ken Lay’s claims that Enron was doing just great…right up until the end.

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